other material
confidence high
sentiment neutral
materiality 0.15
PetVivo adopts non-employee director compensation policy for FY2025; aggregate cost ~$223K
PetVivo Holdings, Inc.
- Each non-employee director receives $10,000 annual cash retainer, payable quarterly as cash flow permits.
- Annual equity award of 35,000 RSUs per director, vesting quarterly in equal installments at VWAP.
- Committee meeting attendance fee of $500 per meeting; chair compensation ranges from $5,000 to $10,000 annually per role.
- Total estimated compensation expense for 12-month period is ~$223,000, assuming $0.55 per share for RSUs.